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Dec 18, 2012
12/12
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david: ask president obama that when he was dealing with the gm bondholders. remember those promises that were made to the gm bond holders, the secured bondholders where they rescinded their deals in order to carry ahead with the bailout of the auto companies. it has happened before, but i would say it's got to be focused on the contracts being made now for future contracts. california is going to have to eat a lot of these bad contracts. stuart: mark, as they eat these contracts, and david is right, they have to pay them, that means you have got to make cuts to younger workforce members, they're going to be out, and the services delivered to the public are also going to be cut to the bone because you've got to keep paying your retirees. >> well, and of course it affects education because, you know, we have, you know, 40% of our state budget has to go to education. we have essential services that obviously are going to be cut because of these pension obligations. the interesting thing about all these promises, stuart is back in 99, calpers, which is our enormo
david: ask president obama that when he was dealing with the gm bondholders. remember those promises that were made to the gm bond holders, the secured bondholders where they rescinded their deals in order to carry ahead with the bailout of the auto companies. it has happened before, but i would say it's got to be focused on the contracts being made now for future contracts. california is going to have to eat a lot of these bad contracts. stuart: mark, as they eat these contracts, and david is...
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Dec 28, 2012
12/12
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president obama meeting with congressional leaders, big deal at 3:00 p.m. today. here we go again. it sounds like trading. you are not going to get many sound bites out before the 3:00 meeting ends and the trading day ends soon after that. do you feel the outrage? >> absolutely. what i am outraged most about is it is a shame we do not have a functioning bond market. our bond market should be in disarray in the politicians in washington right now. our credit should be being downgrade. we are going the wrong direction. there is not one single compromise on the table being discussed in washington that is positive for the economy, no one knows where a new job comes from. it is from a business owner has profit and wants to expand. tell me what compromise is being discussed? it is putting more money into a business owner's pocket so expand and hire is somebody. it is not happening. stuart: why isn't the bond market tearing the administration to shreds and wire when not being downgraded? keep printing money no matter l what? >> absolutely. in my career there have been three bubble. the fi
president obama meeting with congressional leaders, big deal at 3:00 p.m. today. here we go again. it sounds like trading. you are not going to get many sound bites out before the 3:00 meeting ends and the trading day ends soon after that. do you feel the outrage? >> absolutely. what i am outraged most about is it is a shame we do not have a functioning bond market. our bond market should be in disarray in the politicians in washington right now. our credit should be being downgrade. we...
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Dec 31, 2012
12/12
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of the country that does not support the way that obama would like to deal with this problem. stuart: look how it's been presented in the establishment media. president obama cutting short his holiday vacation, returning to washington trying to fix the fiscal mess. thank you very much, mr. president. mr. boehner, speaker boehner, oh, he finally gets the house back in session on sunday night. and then we have some democrats saying, why don't these republicans quit defending their millionaire pals. the way it's presented in the establishment media is highly pejorative against republicans and yet, republicans, as we heard from the rasmussen poll, they're not getting all of the blame. it's 44-36 that's where it is, again, that surprises me. >> those headlines are great. the next time i'm on deadline and i have a story to write. because i've left it to the last minute and i have to cancel a movie i think i'm going to, you know, complain about it and say, oh, finally, i'm getting back into the work session here. no, i mean, it's ridiculous. now, the republicans, i think, are doing o
of the country that does not support the way that obama would like to deal with this problem. stuart: look how it's been presented in the establishment media. president obama cutting short his holiday vacation, returning to washington trying to fix the fiscal mess. thank you very much, mr. president. mr. boehner, speaker boehner, oh, he finally gets the house back in session on sunday night. and then we have some democrats saying, why don't these republicans quit defending their millionaire...
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Nov 30, 2012
11/12
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could they put in place in illinois to deal with this? got any ideas? >> it is simple, we have to follow the lead of the private sector and transition to the fine contribution plan. pensions are broke. trying to fix our system would be like bailing out the titanic with a dixie cup. you have to do right by state workers and the best way to do that is the 401(k) style. stuart: that wouldn't help now. it might help 15 years in the future but it doesn't help now. >> there are number of things you can do to bring down payments that are supposedly squeezing out other core services, you can cap pensionable salaries and get rid of colas into the system is fixed. the other things you can do right now. stuart: why hasn't governor quinn done that? >> these ideas are not very popular with a government employee unions who bankrolled his campaign. you see the energy behind the reform proposal that you should be seeing. stuart: they are not prepared to make any kind of cuts that they're prepared to continue to see big cuts in education and health care a
could they put in place in illinois to deal with this? got any ideas? >> it is simple, we have to follow the lead of the private sector and transition to the fine contribution plan. pensions are broke. trying to fix our system would be like bailing out the titanic with a dixie cup. you have to do right by state workers and the best way to do that is the 401(k) style. stuart: that wouldn't help now. it might help 15 years in the future but it doesn't help now. >> there are number of...
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Nov 13, 2012
11/12
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companies have to figure out how to deal with it. first wal-mart says it will have to raise the premiums its employees pay for healthcare insurance. many employees say they can't afford it. and may have to drop coverage which could force them into public plans. papa john's is facing a backlash, its chief warns he may have to cut working hours to save on health insurance because part time workers don't need to be covered. you don't want to upset your customers. backlash, here it comes. it's true. look at the broader market now, the dow industrials up nearly 50 points. there's a switch. goldman sachs chief blankfein says he expect as deal on the fiscal cliff. he says he would be shocked if we didn't get one. maybe that's why the dow has now turned positive. hold on everybody, 90 seconds, e-mails, privacy, and the judge. i always wait until the last minute. cacan i still ship a gift in time r christmas? yeah, sure you can. eat. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by decembe
companies have to figure out how to deal with it. first wal-mart says it will have to raise the premiums its employees pay for healthcare insurance. many employees say they can't afford it. and may have to drop coverage which could force them into public plans. papa john's is facing a backlash, its chief warns he may have to cut working hours to save on health insurance because part time workers don't need to be covered. you don't want to upset your customers. backlash, here it comes. it's...
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Dec 24, 2012
12/12
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well, president obama has always promised not to raise taxes on the middle class, but if he can't reach a deal with republicans in the next seven days, that's exactly what will happen and adam shapiro, i've got to tell you, looking at the numbers, if the president gets every penny from the so-called rich that he wants to get, that would still only be 1/8 of the money that he needs to balance the budget. >> in very simple terms, it's roughly 70 billion dollars is what it would raise, in a budget-- >> if the rates go up and another 20 billion, if you get rid of deductions, but he's increased spending 800 billion dollars a year. >> and to say that 70 to 80 billion in a budget that's 900 billion to a tral over budget. so doesn't add up. where does the other 930, 920 billion where is it going to come from? >> which is why, shibani, a lot of people say, maybe he wants to go over the fiscal cliff because he cares about maintaining that level of spending. he doesn't want to decrease spending, he wants to keep it where it is and the only way he's going to get that kind of money is by hitting eve
well, president obama has always promised not to raise taxes on the middle class, but if he can't reach a deal with republicans in the next seven days, that's exactly what will happen and adam shapiro, i've got to tell you, looking at the numbers, if the president gets every penny from the so-called rich that he wants to get, that would still only be 1/8 of the money that he needs to balance the budget. >> in very simple terms, it's roughly 70 billion dollars is what it would raise, in a...
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Sep 28, 2012
09/12
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barack obama leads. let's deal with north carolina, i thought that romney would win that. >> well, look, this is the closest state in 2008 for obama of all the battle ground states, this is the one that romney is doing the best in, but not doing very well anywhere, in fact, only within the margin of error in north carolina and that poses a problem for him. new hampshire, again, i would have thought romney would be winning significantly in new hampshire, but he's not. down 51-44. >> big change in new hampshire, who is better able to handle the economy, romney used to be seen that way, and right direction, wrong direction, down 20 points, people thinking he was going the redwing direction, and previous polls now only 7. again, new hampshire better off economically than other places and romney neighbor's state isn't helping him in michigan or massachusetts. stuart: let's get to the big debate. you know what the debate is are your polls, are they valid, are they accurate? there's a question about if you look
barack obama leads. let's deal with north carolina, i thought that romney would win that. >> well, look, this is the closest state in 2008 for obama of all the battle ground states, this is the one that romney is doing the best in, but not doing very well anywhere, in fact, only within the margin of error in north carolina and that poses a problem for him. new hampshire, again, i would have thought romney would be winning significantly in new hampshire, but he's not. down 51-44. >>...
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Dec 26, 2012
12/12
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obama care, they've got nothing out of it so they feel they will be hung out to dry if they do a deal. >> you know, there are so many pots and plans clattering around the chamber and what bothers me he is the lopsidedness of the debate. how about the g.o.p. for decades never said we are the ones delivering the middle class tax cuts. these are middle class tax rates that were enacted undergeorge w. bush. we own these for the middle class, not the democrats. why isn't the g.o.p. stepping up for that. >> i guess because they have no historical memory, a democrat hasn't done this since jfk. back in the early 1960's. and he got a huge amount of protest. >> clinton lowered the capital gains tax and because of that a huge boom in the stock market. >> the tax cuts barely passed at the early part of 2000. why didn't they make them permanent and we could have avoid this had kind of discussion? >> tax policies extremely difficult. they put it through the so-called reconciliation process, which doesn't require 60 votes. reconciliation laws, sunset after ten years, they're not permanent and that's
obama care, they've got nothing out of it so they feel they will be hung out to dry if they do a deal. >> you know, there are so many pots and plans clattering around the chamber and what bothers me he is the lopsidedness of the debate. how about the g.o.p. for decades never said we are the ones delivering the middle class tax cuts. these are middle class tax rates that were enacted undergeorge w. bush. we own these for the middle class, not the democrats. why isn't the g.o.p. stepping up...
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president obama says a deal will not happen without higher tax rates on the rich. kirsten powers, who i think has shifted to the right just a little recently, kirsten powers will be with us and defend the president's position. the city of huron, south dakota wants to ban eating while driving. all rise, the judge will have something to say about that. what can you legislate. what can you regulate in terms of behavior when you're driving. no eating? we want to hear from you e-mail us at varney@foxbusiness.com. and seven early movies.tibco so and pandora, bad news, down it goes. citi cutting 11,000 jobs and going to save a billion bucks a year. up a buck 30 on that one. seismic equipment supplier named mitchum, posted what's described as a surprise loss. down 17%. and a defense contractor, posted higher profits. better than expected. maker of tommy bahama and lilly pulitzer brands. and disappointing, down you go, 12% down there and then facebook, joining nasdaq 100 one week from today. it's down 13, but it's at 27 now. work hard, all your life and build up an estate a
president obama says a deal will not happen without higher tax rates on the rich. kirsten powers, who i think has shifted to the right just a little recently, kirsten powers will be with us and defend the president's position. the city of huron, south dakota wants to ban eating while driving. all rise, the judge will have something to say about that. what can you legislate. what can you regulate in terms of behavior when you're driving. no eating? we want to hear from you e-mail us at...
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Nov 16, 2012
11/12
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stuart: president obama meeting with congressional leaders right now. rich edson is there at the white house. i suspect he may be wasting your time a little. i don't think there'll be any kind of a deal until the last week of december or even new year's eve. >> have to agree with you on that one. i think i will be standing right here in a month and a half talking about the same thing except a little bit more sense of urgency and possibly a little sense. stuart: by the way, we saw the photo op with the president with john boehner, take it the senate democrats are there as well, they are all there? >> at his house minority leader nancy pelosi, harry reid, treasury secretary, vice president and senate minority leader mitch mcconnell. stuart: they will be in that spot until the end of the year. another report on government race, the defense department spending $6 billion on nonmilitary research. projects in a million on things like jesus hating fictional space aliens and developing a rollup version. this is the defense department, this is the pentagon. >> w
stuart: president obama meeting with congressional leaders right now. rich edson is there at the white house. i suspect he may be wasting your time a little. i don't think there'll be any kind of a deal until the last week of december or even new year's eve. >> have to agree with you on that one. i think i will be standing right here in a month and a half talking about the same thing except a little bit more sense of urgency and possibly a little sense. stuart: by the way, we saw the...
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Oct 25, 2012
10/12
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so now he says he will try to reach a deal with the republicans to cut the deficit. earlier this week, the president released his 20-page pamphlet on the agenda for the second term. all of this looks very last minute. why did it take so long? perhaps the most telling number today the latest poll from rasmussen, people were asked if the united states is headed in the right direction or the wrong direction. >> 37% said, only 37% said the right direction. and that's still kind of high at the end of last year the number was below 20%, still, that poll is not good news for the president. and what do you think? are we headed in the right direction? do you think a grand bargain could be reached in the first six months of a second obama term? check out our facebook page, weigh in on that question, please. and here is the story that a lot of country is watching carefully. hurricane sandy, could be a nightmare for halloween, could, wash out on the eastern seaboard, cancel it. winds are kicking up in florida, causing a surf and the storm is expect today strengthen up the east c
so now he says he will try to reach a deal with the republicans to cut the deficit. earlier this week, the president released his 20-page pamphlet on the agenda for the second term. all of this looks very last minute. why did it take so long? perhaps the most telling number today the latest poll from rasmussen, people were asked if the united states is headed in the right direction or the wrong direction. >> 37% said, only 37% said the right direction. and that's still kind of high at the...
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Dec 21, 2012
12/12
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for the economy, a political victory for president obama but bad for the economy. >> if we got some revenue increases, cuts in entitlements and spending, pruning back defense spending would be a net winner. we part company there. gerri: we took a look at both plants, the democrats and the republican plan. what is the ultimate impact on the debt? the same. $21 trillion in ten years. there is no impact. these are small potatoes on both sides. stuart: what are for is the best chance for solid growth in 2013? >> the simpson plan. neither plan. would reduce debt, giving some economic growth and sadly it was rejected by both parties. stuart: let's conclude this. you think that are due the chances of going over the cliff are greatly enhanced from what john boehner had to say? >> absolutely agree. stuart: i will quickly get to breaking news. this was not a secret. sources reporting senator john kerry will be the nominee for secretary of state replacing hillary clinton in the second obama term. any response? >> this is a good move for the president. if you add check hegel and defense you hav
for the economy, a political victory for president obama but bad for the economy. >> if we got some revenue increases, cuts in entitlements and spending, pruning back defense spending would be a net winner. we part company there. gerri: we took a look at both plants, the democrats and the republican plan. what is the ultimate impact on the debt? the same. $21 trillion in ten years. there is no impact. these are small potatoes on both sides. stuart: what are for is the best chance for...
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13 of 24 people voted for obama and only 2 -- 10 voted for mccain. big deal. >> he has been dried up to this point and talked about leadership and bipartisanship. >> he was able to talk about social issues. we understand his business background and how well he has done but we haven't heard anything substantial. that is what changed my mind. i heard what i needed to hear from him. stuart: that has more meaning than all the headlines in the media this morning because that is real people reacting to a debate they watched all the way through. those people he assembled the legal 24 of them were independents. they were swing voters who could change their mind. that is real. >> it is incredibly powerful. you have these independent voters finally getting to see who the real mitt romney is. that is the issue. they are not sure who he is. is he a leader? he proved he has those leadership qualities especially when you put him on a split screen with barack obama. obama was tentative and on the defense and struggling to put words together and mitt romney came out
13 of 24 people voted for obama and only 2 -- 10 voted for mccain. big deal. >> he has been dried up to this point and talked about leadership and bipartisanship. >> he was able to talk about social issues. we understand his business background and how well he has done but we haven't heard anything substantial. that is what changed my mind. i heard what i needed to hear from him. stuart: that has more meaning than all the headlines in the media this morning because that is real...
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Nov 15, 2012
11/12
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here is does the obama selloff continue this thursday morning and let's see. the opening bell has stopped ringing and trading has begun and we're dead flat to slightly higher. by the time the stocks are open, you can expect the dow to be on the down side and it is, three points lower as of now. listen to this one, we've got news on wal-mart and it's driving that particular stock down. it's revealed that an internal investigation finds possible violations of foreign bribery laws in other countries besides mexico. and the scandal in mexico erupted last year and wal-mart says it's broader than that one country and reports that its sales were down, not good. so, nicole, have we opened lower for wal-mart? >> you know, i'm looking through to try to find the good news, there's little good news, you really have given the points here and we're down about 2 1/2% and sales are below estimates and their outlook is narrower and not good news, it's trailing estimates. and also the fact that traffic, the amount of people going into the stores is somewhat consolidated before
here is does the obama selloff continue this thursday morning and let's see. the opening bell has stopped ringing and trading has begun and we're dead flat to slightly higher. by the time the stocks are open, you can expect the dow to be on the down side and it is, three points lower as of now. listen to this one, we've got news on wal-mart and it's driving that particular stock down. it's revealed that an internal investigation finds possible violations of foreign bribery laws in other...
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that normally would not be a big deal. in their case, since they are using plants that cost as much as $250,000 an hour, this is a big deal. when she leaves a few hours earlier, that can cost taxpayers a couple hundred thousand dollars. on the big side, the president canceled a program that was developing a new presidential helicopter fleet. the president party has 31 helicopters in the fleet. they spent $3.3 billion developing a new presidential helicopter fleet and then declared a failure, so the prototypes to canada for $154 million in taxpayers took a loss of $3.1 billion got zero helicopters. >> is also compares to the royal family. 57.8 million in england. when we are talking about 1.4 billion for the president, you are talking about air transport, secret service costs security. >> we have a section on that. it includes the czars. they are not necessary. there are already duplicate roles of other people and the government serving essentially the same functions. when you talk about travel, a lot of people say, oh, wel
that normally would not be a big deal. in their case, since they are using plants that cost as much as $250,000 an hour, this is a big deal. when she leaves a few hours earlier, that can cost taxpayers a couple hundred thousand dollars. on the big side, the president canceled a program that was developing a new presidential helicopter fleet. the president party has 31 helicopters in the fleet. they spent $3.3 billion developing a new presidential helicopter fleet and then declared a failure, so...
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Dec 10, 2012
12/12
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stuart: do they think president obama gets the credit for this? >> they were not really keen on saying that at that very moment. certainly, if we fall off the cliff, it will be the republicans fault. >> i think it will be a bad deal. i do not see serious spending
stuart: do they think president obama gets the credit for this? >> they were not really keen on saying that at that very moment. certainly, if we fall off the cliff, it will be the republicans fault. >> i think it will be a bad deal. i do not see serious spending
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Dec 19, 2012
12/12
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that outline is indeed the basis for the fiscal cliff deal that is now taking shape. here's my take: it's a lousy deal. trumka said tax the rich. promise to cut spending. and ignore the debt. looks like that's exactly what we're going to get. the republicans have accepted higher tax rates, rightly or wrongly, speaker boehner has okayed tax the rich. that part of the trumka plan in place. as for spending, the president will not touch medicare or medicaid. he suggests a minuscule trimming of social security, and he wants 50 billion dollars worth of new spending for infrastructure. he's very much in line with trumka's thinking, on spending. and then there's the debt. the president wants a blank check to run it up as he pleases. no interference from congress with those pesky debt ceiling debates. no, he's following the trumka line again, ignore the trillions in new debt. let the grand kids play for heaven's sake. in our desperation to avoid a crisis, we put it off and make it worse. tax the rich, avoid spending cuts, ignore the debt. that's what we're about to do. yes, it
that outline is indeed the basis for the fiscal cliff deal that is now taking shape. here's my take: it's a lousy deal. trumka said tax the rich. promise to cut spending. and ignore the debt. looks like that's exactly what we're going to get. the republicans have accepted higher tax rates, rightly or wrongly, speaker boehner has okayed tax the rich. that part of the trumka plan in place. as for spending, the president will not touch medicare or medicaid. he suggests a minuscule trimming of...
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Nov 29, 2012
11/12
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the obama team wants to raise tax now, promises of entitlement reform later and ignore the debt. that's the fiscal cliff deal of the day and the market likes it and the numbers are 5, 16, 22, 23, 29, and the powerball is 6. you lost. the government won. "varney & company" is about to begin. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, . . >> . stuart: it's a modern day tea party. it's a revolt led by corporations. the wall street journal reports 173 companies announced they'll pay special dividends for shareholders before the end of the year because a big tax increase on dividends could be coming next year and many companies moving up regular dividends to save their taxpayers, to save taxpayers a lot of money. start with disney. it's raising its dividend and paying it out on december 28th. that's 1.3 billion dollars paid out in total, paid out under the current tax rate. and las vegas sands paying a special dividend, that's a one on shot
the obama team wants to raise tax now, promises of entitlement reform later and ignore the debt. that's the fiscal cliff deal of the day and the market likes it and the numbers are 5, 16, 22, 23, 29, and the powerball is 6. you lost. the government won. "varney & company" is about to begin. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, . ....
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stuart: if we accept president obama's plan, he wins, but america loses. we go straight into recession. >> yes, i agree with you on that.
stuart: if we accept president obama's plan, he wins, but america loses. we go straight into recession. >> yes, i agree with you on that.
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direct result, in my opinion, because all kinds of industries will be hit very hard in a second obama term. plus we face the likelihood of a tax increases in because we are trying to get the fiscal cliff deal done and if there is no fiscal cliff deal done, we go over the cliff and there's a huge tax increase for everybody. market didn't like any of it. where are we today? we are likely to open 20 or 30 points higher. not much of a bounce. we have 355,000 people filing for first-time jobless benefits. at number depressed because of the storm, likely to be revised in the -- in greece the parliament voted for another $17 billion worth of austerity measures. they want two more years to payback their debt. they want another $50 billion worth of aid. they're in a continuing mess. could be a factor for the market today. check the big board, 12 seconds into the trading session we are down. i think we will bounce back a little, 30 points ira having looked at the futures. not much of a bounce and we are below 13,000. whole foods, purveyors of organics to be elites a superstorm sandy will hurt s
direct result, in my opinion, because all kinds of industries will be hit very hard in a second obama term. plus we face the likelihood of a tax increases in because we are trying to get the fiscal cliff deal done and if there is no fiscal cliff deal done, we go over the cliff and there's a huge tax increase for everybody. market didn't like any of it. where are we today? we are likely to open 20 or 30 points higher. not much of a bounce. we have 355,000 people filing for first-time jobless...
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Nov 12, 2012
11/12
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charles: but president obama says he's ready to compromise. he will spend this week pitching his deals to business and labor leaders. on friday he met with congressional leaders about this. rich edson in washington, why all the meetings ahead of the sit-down with congressional leaders? it feels like we have seen this before. rich: we have. labor and progressive leaders will actually mention to the president that he won reelection. the senate is controlled by democrats and insists not to give too much away in the negotiations. day after tomorrow he will meet with business leaders. as for why, politically it looks like the president is getting input from across the spectrum. republicans in the past have charged these meetings at least in the first term, many of them they said were for show. democrats and republicans have been over this ground repeatedly for the past few years. they know the solution is available, charles. they just have to pick and choose. charles: picking and choosing can be hard. rich edson thanks a lot. rich: right. charles:
charles: but president obama says he's ready to compromise. he will spend this week pitching his deals to business and labor leaders. on friday he met with congressional leaders about this. rich edson in washington, why all the meetings ahead of the sit-down with congressional leaders? it feels like we have seen this before. rich: we have. labor and progressive leaders will actually mention to the president that he won reelection. the senate is controlled by democrats and insists not to give...
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Oct 24, 2012
10/12
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obama 46. theys that's a one point gain from yesterday. that's a big deal. netflix, nicole. >> the low of the day was 57.40, stuart so it's off the low, however shall as we talked about a disappointing amount of subscriber growth even though it's improvement year over year, people are looking at and analysts coming down and down 15%. >> and that's a loss indeed. all right, nicole, a quick lightning round for the company right now. first off penn state professor michael man is pushing global warming has been questioned and now he's suing people who criticized his work including our friend mark stein. mark lanier, does he have a leg to stand on. >> yes, he does, he's called the jerry sandusky of climate change, that's overboard. >> it's not questioning his work, it's questioning his character. >> questioning his character and aligning him with someone from the same institution probably the most egregious person hated on the planet. that's overboard. stuart: i don't know anything about american libel laws, but that would be included in the scope of the law. >>
obama 46. theys that's a one point gain from yesterday. that's a big deal. netflix, nicole. >> the low of the day was 57.40, stuart so it's off the low, however shall as we talked about a disappointing amount of subscriber growth even though it's improvement year over year, people are looking at and analysts coming down and down 15%. >> and that's a loss indeed. all right, nicole, a quick lightning round for the company right now. first off penn state professor michael man is...
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Oct 22, 2012
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they want to know who they will be dealing with. president obama or make romney. was this an attempted october surprise? k.t. mcfarland joins us now. >> i think it was a dry run for an october surprise. the problem with doing anything like this, i was in the white house in 1972. henry kissinger said we are negotiating with the vietnamese. as a result, nixon got a bump up. could obama do the same thing now? maybe. only if the iranians came back and said this is what we are going to do. stuart: he will bring it up tonight. sanctions are working. it will wwrk if you do it my way. >> he will definitely say that. he will say i killed bin laden and i will keep us out of a bore with iran. romney will make the case that he will not get us into a war with iran, but you also be able to stomp around nuclear programs. stuart: the new york times is offering obama a october surprise. you said it is a dry run. >> october surprise. bomb that al qaeda training centers. they should have done that a few days after they killed our ambassador. they formed a commission and they will st
they want to know who they will be dealing with. president obama or make romney. was this an attempted october surprise? k.t. mcfarland joins us now. >> i think it was a dry run for an october surprise. the problem with doing anything like this, i was in the white house in 1972. henry kissinger said we are negotiating with the vietnamese. as a result, nixon got a bump up. could obama do the same thing now? maybe. only if the iranians came back and said this is what we are going to do....
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Dec 13, 2012
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stuart: new at 10:00, president obama wants to keep spending. ben wants to keep printing and the voters say please stop. new numbers on debt and what voters want to come out of any deal out of washington. we've got it for you. >>> and wait until you hear just how dire the situation is in detroit. a third of the people on food stamps? almost half out of the labor force? and yes, they want a federal bailout. we're talking about all of this. and a whole lot more with this company: recovering investment banker. charles payne is here and nicole petallides always on the floor of the new york stock exchange. thursday morning, i will say it again, dead flat for the dow jones industrial average. and we have dead flat, the rate on 30 year mortgages from freddie mac actually it's down a tad, 3.32%. how's that for a 30 year? i've been saying this for weeks now, who would have thought. here's another number for you, the u.s. government spent 172 billion dollars more than it took in, during november alone. that means we're very likely headed for another trill
stuart: new at 10:00, president obama wants to keep spending. ben wants to keep printing and the voters say please stop. new numbers on debt and what voters want to come out of any deal out of washington. we've got it for you. >>> and wait until you hear just how dire the situation is in detroit. a third of the people on food stamps? almost half out of the labor force? and yes, they want a federal bailout. we're talking about all of this. and a whole lot more with this company:...
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with the deal that involves raising tax rates president obama is ready over the cliff. joining as well, congresswoman martian blackwell. if given a choice would you take no deal of fall and over the cliff or you take a deal that includes higher tax rates on the rich? >> to raise tax rates on anybody is the wrong step. what we have said for a long time is cut the spending. look at revenue. stuart: i have today on this. would you absolutely positively say no, i will not vote for raising tax rates on the rich. i would rather go over the fiscal cliff. >> i don't want to go over the fiscal cliff, but i am not for raising the tax rates. you are not getting to the heart of the problem. it is continuing to sweep of the rock. stuart: you may come to a point where that is the twisted your facing. if he don't say yes on raising tax rates we will go over the cliff. when the going to do if push comes to shove at the very end of this month. >> and what we're trying to do them all we have been trying to do for years is to not come to this point. had we been addressing the need for a p
with the deal that involves raising tax rates president obama is ready over the cliff. joining as well, congresswoman martian blackwell. if given a choice would you take no deal of fall and over the cliff or you take a deal that includes higher tax rates on the rich? >> to raise tax rates on anybody is the wrong step. what we have said for a long time is cut the spending. look at revenue. stuart: i have today on this. would you absolutely positively say no, i will not vote for raising tax...
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president obama will speak today for the first time since his reelection. rich edson joins us from d.c.. the issue as to what he is going to say is this. will he say tax the rich, raise tax rates on the rich and stick to that as a bargaining position in this fiscal cliff debate. rich: democrat paved the way saying this is a mandate to raise taxes on wealthier americans, the theme of the middle class, raise taxes on families earning $250,000 a year to take the deficit and other spending priorities. that is the opening positions of our. with a position during the election. the president won reelection as did senate democrats. stuart: i think the market will move when we find out what he is going to say on the issue of tax rates. am i right? 15 minutes, no questions. rich: he speaks, no questions, five minute after 1:00 the scheduled time the we don't know if things run on time. stuart: thank you very much. highlight reel is next. what makes the sleep number store different? you walk into a conventional mattress store, it's really not about you. we have so muc
president obama will speak today for the first time since his reelection. rich edson joins us from d.c.. the issue as to what he is going to say is this. will he say tax the rich, raise tax rates on the rich and stick to that as a bargaining position in this fiscal cliff debate. rich: democrat paved the way saying this is a mandate to raise taxes on wealthier americans, the theme of the middle class, raise taxes on families earning $250,000 a year to take the deficit and other spending...
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you know, obama is trying to backtrack from his one term proposition deal. president reagan did this in one term and the reagan recovery was all about 500 to a million new jobs created every single month and economic growth of 5 to 9%, we're nowhere near this. this is not a recovery, this is a joke. charles: and a quick cheat sheet. 12.3% unemployed. 8% part final. 2.4% marginally attacked 23 million people your real unemployment number and here is shocking black unemployment rate skyrocketed to 14.3% from 13.4. stuart: in one month? >> yes. stuart: from 13 to 14% black unemployment in one month. charles: skyrocket, but you've got the vote. 98%, it doesn't matter if they're suffering or not. hispanic unemployment is up. what's curious to me, guys, the high school unemployment rate dipped while some college actually went higher. this suggests a couple of things, the jobs we're creating retail jobs, mcdonald's and things like that, if you have a college dry you're still resistant. you don't necessariry want to take that, if you have some college you don't want
you know, obama is trying to backtrack from his one term proposition deal. president reagan did this in one term and the reagan recovery was all about 500 to a million new jobs created every single month and economic growth of 5 to 9%, we're nowhere near this. this is not a recovery, this is a joke. charles: and a quick cheat sheet. 12.3% unemployed. 8% part final. 2.4% marginally attacked 23 million people your real unemployment number and here is shocking black unemployment rate skyrocketed...
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stuart: well, president obama wants in a second-- president obama wants to raise taxes, raise taxes under obamacare, raise taxes on income tax, raise taxes across-- huge tax increases coming down the pike in a second obama term and he's going to spend that money which he doesn't actually have. this is tax and spend law in a second term. >> well, actually, actually what the president is talking about is the balanced approach to deficit reduction, af got the transcript of his interview with the des moines register and what he was talking about was $2.50 of cuts for every dollar of revenue, in my view, and a lot of republicans agree with me, if we have a balanced approach, the pentagon makes a contribution, domestic discretionary entitlements reform is part of the evasion and revenues are part of the equation. when i talk to business folks they say look, we've got to see you moving in a direction that's going to bring the trajectory of that debt down. and if it's slow and steady, that's going to be good for the economy. that's what they need to see and and who gets elected. we've got to be m
stuart: well, president obama wants in a second-- president obama wants to raise taxes, raise taxes under obamacare, raise taxes on income tax, raise taxes across-- huge tax increases coming down the pike in a second obama term and he's going to spend that money which he doesn't actually have. this is tax and spend law in a second term. >> well, actually, actually what the president is talking about is the balanced approach to deficit reduction, af got the transcript of his interview with...
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Oct 11, 2012
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his company makes $10 per phone on the deal. their eyes a crony capitalism? dave: he is the wealthiest man in the world but is the epitome of crony capitalism. he made his first billion as a result of the privatization of mexican telephone company that carlos privatize. better to privatize and keep it in government hands but all these special deals nothing was ever proven but there are a lot of rumors in mexico that there was a special deal made to give him what he got. crony capitalism is the way people do business in mexico. stuart: what about this $10 per phone? dave: the question is whether someone accustomed to doing business in the banana republic way will find it easy to do business in this way. i would suggest we are moving closer to crony capitalism over the past three or four years in the united states and he brings -- sandra: not just $10 on the phone but they give those phones -- [talking over each other] stuart: all right. open california going to bat for people who smoke pot. this city is suing the federal government trying to keep a marijuana d
his company makes $10 per phone on the deal. their eyes a crony capitalism? dave: he is the wealthiest man in the world but is the epitome of crony capitalism. he made his first billion as a result of the privatization of mexican telephone company that carlos privatize. better to privatize and keep it in government hands but all these special deals nothing was ever proven but there are a lot of rumors in mexico that there was a special deal made to give him what he got. crony capitalism is the...
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Oct 29, 2012
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being hit by sandy won't have to deal with red tape to get federal aid. so do we even need the federal government for natural disasters like this one? the judge is next. look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduc copd flare-ups. spiriva is t only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, visionhanges or eye pain, or problems passing urine. other side effects include dry mouth and constipation. nothing can reverse copd spiriva helps
being hit by sandy won't have to deal with red tape to get federal aid. so do we even need the federal government for natural disasters like this one? the judge is next. look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduc copd flare-ups. spiriva is t only once-daily inhaled copd maintenance treatment that does both....
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Dec 17, 2012
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i think this is a big deal. you say what? >> i think it is a big deal too. i think it shows why republicans lost this last election to obama is because either you believe that tax increases are bad and harmful to the economy or you don't, and, you know, apparently we didn't fool the american public when we had boehner out there talking about tax increases for the rich. stuart: you don't think boehner should have done this. you think he should hold firm? >> no, absolutely, as you said, it was a strategic retreat in order to avoid a defeat. and i think, you know, he's tried to compromise here in order to avoid further defeat for republicans. i think what he is going to find, he will get more compromise and more retreat than he bargained for and defeat is going to be thrown in as an extra. stuart: i don't think conservatives are going to go for this. i'm wondering whether speaker boehner could actually get higher tax rates through the house of representatives? >> i'm not sure that he can. i think it's much like the debt ceiling negotiations back in 2011, when b
i think this is a big deal. you say what? >> i think it is a big deal too. i think it shows why republicans lost this last election to obama is because either you believe that tax increases are bad and harmful to the economy or you don't, and, you know, apparently we didn't fool the american public when we had boehner out there talking about tax increases for the rich. stuart: you don't think boehner should have done this. you think he should hold firm? >> no, absolutely, as you...
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Oct 15, 2012
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we'll talk about that with keith fitzgerald and don peebles, a prominent obama supporter will join us, what does he think the president will do tomorrow to rebound from two bad debates so far? let's hear from you, please. you can e-mail us, you know, varney@foxbusiness.com, here is how you join the company. seven early movers, watch out amazon and google. microsoft said the xbox music will be available for the game consoles starting tomorrow and microsoft is up 20 cents. and what some pharmaceuticals get the fda approval for generic drugs, not much. and we told you earlier, japan's soft bank is buying a majority in sprint, and sprint is up just 4 cents and the stock went up last week, actually when this was suggested. and the consol energy company expects to post, surprise, third quarter losses and down it goes. the publisher ganet says circulation stops falling. and entergy down it goes. drug maker vanda says the sleep drug shows positive results, that's up just one cent, all they get out of that. the dow industrials up 26. president obama has to dig himself out of two holes at tomor
we'll talk about that with keith fitzgerald and don peebles, a prominent obama supporter will join us, what does he think the president will do tomorrow to rebound from two bad debates so far? let's hear from you, please. you can e-mail us, you know, varney@foxbusiness.com, here is how you join the company. seven early movers, watch out amazon and google. microsoft said the xbox music will be available for the game consoles starting tomorrow and microsoft is up 20 cents. and what some...
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Aug 27, 2012
08/12
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and hertz is the victor in this deal. stuart: up 12% and that's unusual, paid 2 billion and up. lauren, thank you. we know that california and electoral votes, we're pretty sure that the votes are going straight to president obama and the election, but, the state still has a huge number of republican delegates to the convention, so, what role will those huge number of delegates from california have at the convention. and from front line strategist was going to be on the floor, but the rain and wind have kept him in the hotel, i believe. mark, welcome to the program. why am i hearing that at the convention the california delegates will play a role, and that role will be to shout down and/or oppose ron paul delegates if they get out of line. are you hearing that? >> no, i hadn't heard anything like that. in fact the story that we're getting this morning is more of a sense of optimism about the future of californians if republicans can finally get their message together and step up to the plate. governor chris christie, a huge get here for the california delegation, talk to us and
and hertz is the victor in this deal. stuart: up 12% and that's unusual, paid 2 billion and up. lauren, thank you. we know that california and electoral votes, we're pretty sure that the votes are going straight to president obama and the election, but, the state still has a huge number of republican delegates to the convention, so, what role will those huge number of delegates from california have at the convention. and from front line strategist was going to be on the floor, but the rain and...